Equinox Gold Announces Redemption of $172.5 Million Convertible Senior Notes

VANCOUVER, British Columbia, Sept. 21, 2026 /CourierPR/ -- Equinox Gold Corp., a Canadian mining company, has announced its intention to redeem all of its outstanding $172.5 million aggregate principal amount of 4.75% Convertible Senior Notes due October 15, 2028 (the “Notes”) (CUSIP No. 29446YAC0). The company issued these notes pursuant to an indenture dated September 21, 2023 (the “Indenture”) between Equinox Gold and Computershare Trust Company, N.A., as trustee.

According to the terms of the Indenture, on October 20, 2026 (the “Redemption Date”), Equinox Gold will redeem all Notes that have not been converted prior to 5:00 p.m., New York City time, on October 19, 2026 (the “Conversion Deadline”). The redemption price for each Note will equal 100% of its outstanding principal amount, plus accrued and unpaid interest thereon to, but excluding, the Redemption Date. For each $1,000 principal amount of Notes, the redemption price will be approximately $1,000.66. On the Redemption Date, the redemption price will become due and payable, and interest on the Notes will cease to accrue.

For all Notes in book-entry form, payment of the redemption price will be made through the facilities of the Depository Trust Company (DTC), and all such redeemed Notes will be surrendered for payment of the redemption price in accordance with the applicable rules and procedures of the DTC. The paying agent is Computershare Trust Company, N.A., with the address of the paying agent for delivery of any Notes in certificated form being Computershare Trust Company, N.A., 1505 Energy Park Drive, St. Paul, MN, USA 55108, Attention: Corporate Trust Operations.

Holders of the Notes may convert all or any portion of their Notes (in a principal amount that is an integral multiple of $1,000) at any time prior to 5:00 p.m., New York City time, on October 19, 2026, or, if the company fails to pay the redemption price on the Redemption Date, until the date on which the redemption price is paid. As of September 18, 2026, the conversion rate under the Indenture is 158.7302 common shares of the company (the “Common Shares”) per $1,000 principal amount of Notes. Such conversion rate will be adjusted to 165.0732 for any converting holder, representing a conversion price of approximately $6.0579, after giving effect to the applicable dividend adjustment and make-whole increase under the Indenture.

Based on this conversion rate, an aggregate of up to 28,475,124 Common Shares will be issued (representing approximately 2.44% of Common Shares outstanding) if all the Notes are converted. This press release does not constitute a notice of redemption or a notice of the right to convert the Notes. This press release is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.